Reply to So this is where all the money is going at DC Charters?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wait so the KIPP Ed (runs 16 very small schools) makes more than the DCPS Chancellor??  How does this make sense?  [/quote]

The KIPP DC ED also has 20-year tenure and a whole host of responsibilities that the Chancellor doesn't. Their budget is nearly $130 million dollars a year. Let's consider the size and compensation of other similarly sized nonprofits in DC.

[list] American Association for the Advancement of Science - $108,000,000 budget - CEO makes nearly 1.2 million dollars[/list]
[list]Laborers' International Union of HCL - $76,000,000 budget - President makes $718,871[/list]
[list]Special Olympics - $103,000,000 budget - CEO makes $414,853[/list]
[list]American Institute of Architects - $76,000,000 budget - CEO make $641,757[/list]

Nonprofit boards have a set of legally mandated responsibilities when determining executive compensation or they risk losing their c3 designation. This really is a non-issue and just an example of people not knowing what they are talking about.
[/quote]

But schools are public institutions that are funded per pupil through tax dollars. Not through endowments and philanthropy. Is there no common sense? [b]The CEO and the president and the CAO and the VP and and and all make salaries higher than the DCPS chancellor at KIPP.[/b] Same at Frienship and DC Prep too? Do the parents of KIPP kids know that?  I don’t think these dollar amounts are reasonable. [/quote]

A lot of this is an "apples to oranges" comparison. The salary quoted for the Chancellor is without bonus, retirement, tuition reimbursement, etc. The "salaries" quoted in the article include non-salary items like retirement contributions. It's easily seen in the 990's. Don't know if the reporter did this on purpose to create more interest or if she is just ignorant.

According to the KIPP 990 available online, the CEO's salary was 280,000 plus 15,000 of estimated other compensation which is most likely retirement contributions. Antwan Wilson's salary was 280,000 with a 14,000 signing bonus and eligibility of 10% of salary for an annual bonus. Retirement contributions aren't reported. The KIPP president, CAO and VP all make less, not more, per the KIPP 990. [/quote]

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